Shinhan Financial Group Co., Ltd. (NYSE:SHG) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP boosted its holdings in Shinhan Financial Group Co., Ltd. (NYSE:SHG - Free Report) by 1,079.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 66,888 shares of the bank's stock after acquiring an additional 61,217 shares during the quarter. Two Sigma Investments LP's holdings in Shinhan Financial Group were worth $2,199,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Point72 Asset Management L.P. purchased a new stake in Shinhan Financial Group during the 4th quarter valued at about $434,000. Quantinno Capital Management LP lifted its position in shares of Shinhan Financial Group by 6.3% in the 4th quarter. Quantinno Capital Management LP now owns 32,077 shares of the bank's stock worth $1,055,000 after purchasing an additional 1,903 shares during the period. Millennium Management LLC bought a new position in Shinhan Financial Group in the fourth quarter worth about $7,600,000. Lazard Asset Management LLC boosted its position in Shinhan Financial Group by 4.4% during the 4th quarter. Lazard Asset Management LLC now owns 1,353,820 shares of the bank's stock valued at $44,513,000 after acquiring an additional 57,640 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. purchased a new stake in Shinhan Financial Group in the fourth quarter worth $5,830,000. Hedge funds and other institutional investors own 7.76% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Shinhan Financial Group from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.

Shinhan Financial Group Stock Down 1.1%

NYSE:SHG traded down $0.48 during mid-day trading on Thursday, hitting $42.82. 47,696 shares of the company's stock traded hands, compared to its average volume of 181,609. The company has a fifty day moving average of $35.65 and a 200 day moving average of $34.90. The company has a market capitalization of $21.23 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.44 and a beta of 0.84. Shinhan Financial Group Co., Ltd. has a twelve month low of $28.76 and a twelve month high of $46.05. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.04 and a current ratio of 1.04.

Shinhan Financial Group (NYSE:SHG - Get Free Report) last announced its earnings results on Tuesday, March 4th. The bank reported $1.94 earnings per share (EPS) for the quarter. The company had revenue of $2.82 billion during the quarter. Shinhan Financial Group had a net margin of 12.21% and a return on equity of 7.34%. On average, analysts forecast that Shinhan Financial Group Co., Ltd. will post 5.97 EPS for the current year.

About Shinhan Financial Group

Shinhan Financial Group Co, Ltd. provides financial products and services in South Korea and internationally. The company operates through six segments: Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services.